SKC President Park Won-cheol: "We Will Achieve Visible Results in Glass Substrates and Copper Foils Within the Year"

Glass Substrate Aims for Timely Mass Production
"Sales Volume of Copper Foil Expected to Recover This Year"

At the SKC regular shareholders' meeting, Park Won-cheol, SKC CEO, who was reappointed as an inside director, promised to meet shareholder expectations by delivering tangible results in the glass substrate and copper foil businesses.

Park Won-cheol, President of SKC, is speaking at the 52nd Annual General Meeting of Shareholders held on the 26th at the headquarters in Jongno-gu, Seoul. Photo by SKC

SKC announced that it held the 52nd regular shareholders' meeting on the morning of the 26th on the 6th floor of its headquarters in Jongno-gu, Seoul. At the meeting, chaired by CEO Park, he shared plans to achieve concrete results within the year in the glass substrate business, which has recently attracted significant market attention.

CEO Park stated, “The Georgia Plant 1, the world's first mass production line for glass substrates, is currently undergoing trial operations with the goal of timely mass production.” He added, “We have secured numerous global top-tier customers engaged in high-performance computing, AI servers, and high-frequency wireless communication businesses, and are in discussions with various companies within the value chain.”

Regarding the copper foil business, he forecasted, “Based on the mid- to long-term sales contracts signed with multiple customers last year, stable sales volume recovery is expected this year.”

Additionally, CEO Park explained the company’s past achievements to the shareholders. He said, “We have completed the first phase of rebalancing by restructuring our portfolio around three major eco-friendly businesses: secondary batteries, semiconductors, and green energy.” He continued, “Along with promoting the new glass substrate business, we focused on strengthening our semiconductor portfolio by acquiring ISC, a global company in the semiconductor test solution sector.” He further noted, “In this process, to secure financial soundness, we pursued the liquidation of low-growth non-core businesses such as the film and polyurethane businesses to reinforce our fundamentals.” He emphasized, “Going forward, we will concentrate on enhancing business competitiveness to meet shareholder expectations.”

At the board meeting held immediately after the shareholders' meeting, the agenda to appoint outside director Chae Eun-mi as SKC’s first female board chairperson was approved. Chairperson Chae, appointed as an outside director in 2023, previously served as the first Korean CEO of FedEx Korea, a global express delivery company. Leveraging her expertise in labor affairs and global management experience, Chairperson Chae has contributed to strengthening the board’s functions by advising and overseeing key SKC decision-making processes.

In addition, Kim Ki-dong, SK’s Chief Financial Officer, was newly appointed as a non-executive director, and all agenda items including the financial statements and director remuneration limits were approved as originally proposed.

This content was produced with the assistance of AI translation services.